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Forrest Company is considering purchase of equipment that costs $60,000 and...

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Accounting

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Forrest Company is considering purchase of equipment that costs $60,000 and is expected to offer annual cash inflows of $17,000 for 5 years. Forrest Company's required rate of return is 10%. What is the internal rate of return of this Investment project? Multiple Choice between 13% and 14% between 5% and 6% between 17% and 19% between 12% and 13%

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